Idaho First-Time Homebuyer Savings

Buying your first home is an exciting life event and saving for it is the right first step. An Idaho First-Time Homebuyer Savings Account is supported by the State of Idaho. Plus, contributions earn interest and may be eligible for a State of Idaho tax deduction*. Take that first step and start saving!

*Please consult with your legal or tax advisor to determine tax benefits and eligible home purchase expenses.


You live in Idaho and want to save for your first home.

Be Prepared for When the Right House Comes Along

You’ll never regret planning and saving now. With an Idaho First-Time Homebuyer Savings Account, Idaho residents can contribute up to $15,000, or $30,000 for married couples filing jointly per calendar year. With a maximum of $100,000 of total deposits allowed for the lifetime of the account, you’ll be well on your way to saving for that first home.

Benefits & Features

  • Free automatic transfers
  • Six free withdrawals per month
  • Gifted funds from parents or family are accepted
  • No deadline to use savings funds

Tax Advantage

  • Tax-free withdrawals when used to pay for the down payment, fees, or taxes of the purchase of a single-family residence in Idaho

Minimum Balance to Open


Minimum Balance to Earn Interest


Monthly Service Fees


Number of Withdrawals

6/month ($2 for each additional)

No withdrawals are allowed in the first 30 days after account opening.

You Saved Money, Now What?

There are many expenses when it comes to buying a home. But don’t let that intimidate you. We can do this together! You’ve saved well with your Idaho First-time Homebuyer Savings Account and we will guide you through the following steps:

  • Loan Origination Fees
  • Appraisal Costs
  • Realtor Fees
  • Down Payment
  • Closing Costs

ICCU Savings Benefits

Free Mobile Banking

You have all the tools you need to manage your accounts through the ICCU mobile app or on, anywhere, anytime. Check balances, transfer money, pay bills, set up alerts, and so much more.

Free Credit Score & Monitoring

My Credit is a free service powered by SavvyMoney® that helps you stay on top of your credit. Check your credit score, view your credit report, and get up-to-date credit monitoring notifications through ICCU mobile or online banking.

Free VideoChat

Bank face-to-face from anywhere in the world with a live service agent through ICCU’s VideoChat. Not only is it convenient, it’s secure and easy to use for account questions, opening a new account, applying for a loan, and much more!

Make a Deposit

Don’t have time to run to the branch to deposit your check? No problem! Deposit checks on the go using the ICCU App or from the comfort of your home using the Make a Deposit feature in eBranch.

Boost Your Home-Buying Confidence

Owning a home can be one of the greatest joys of life. We want to help all Idaho Central members get the home they deserve, and to prove it, we’ve put together a tool belt of resources that range from home loan calculators to educational courses to help you make a solid game plan.

Once your plan is in place and you have taken advantage of these resources, put your new-found confidence to practice and apply for a mortgage that is right for you.

Idaho First-Time Home Buyer Savings

Balance APY* Interest Rate
Balance0-2,499 APY*0.25% Interest Rate0.25% Terms
Balance2,500-24,999 APY*0.25% Interest Rate0.25% Terms
Balance25,000+ APY*0.25% Interest Rate0.25% Terms

Become a Member

Idaho Central Credit Union was designed with one idea in mind, helping members achieve financial success. If you live or work in Idaho or Washington, chances are you can become a member of Idaho Central Credit Union.

Find Out How